Inflation slowed again in August, with consumer prices rising 8.3%
CBSN
Inflation slowed for a second month in August, with consumer prices increasing 0.1% since July, the Labor Department said on Tuesday.
The Consumer Price Index increased 8.3% in the past 12 months, as rising prices for food, shelter and medical care offset falling gasoline costs. The increase is lower than the previous month but higher than economists had expected, showing prices remain uncomfortably high.
Core CPI, which discounts volatile food and fuel prices, rose 6.3%.
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